Euroview: Switzerland Gets Tough... But No Peg

The Swiss franc soared after the SNB pumped in yet more liquidity to douse the franc, but disappointed those who had been hoping for the nuclear option: pegging to the euro.

This transcript has been automatically generated and may not be 100% accurate.

... I ... you say yes when it comes the Swiss franc ... say that's Wednesday on the shoes that's that's a pretty heavy concrete images in three weeks or trying to drive down is sky high currency which exporters have been complaining about some time ... the problem is that the market very much fixing only SNB didn't do until twenty fifty ... crucially it did not pay the Swiss franc the yen right now under the sun buckling of crazy I did but the market become the fixate building on Trinity what it ... will look to waive the SNP has Carnival out the market thinking society has of course the grievances topped by a fifteen piece today ... so there's a diminishing hideous and is coming in for a little bit of criticism the bailout the stream its kind to ... gain ground ... when all means is that the market is going to be the king Barry tasting at everything the SNB says and does this answer the following days and weeks ... this actually is not of the yet the Swiss franc has taken in the ... big chill high as a base ... of the pack to come into play said ... but this is gonna run and run what replaced it with SNB says skates Milton production people ...